‘All procurement requirements valued at more than $100,000 must be competitively tendered, and any contracts arising therefrom must be signed by the Procurement Director’. This is an example of a:

This is an example of a procurement threshold. Below the threshold, one set of actions; above the threshold, another set of actions. As an aside, one relatively common and undesirable practice is to 'disaggregate' a requirement - break a requirement down into smaller units, to avoid having to conform with the rule. Such behav- iour, can be, in some situations, be unlawful, and can bring an organisation and possibly the individ- uals concerned into disrepute. I hope you can see why it is none of the other answer options available.